Which one of the following statements related to market crashes is correct?

Multiple Choice

• Financial market crashes are unique to the United States.

• A market crash tends to occur within a week but have effects that last many years.

• Once the market finally crashed in 1929, stock prices began a long period of steady increases.

• The market crash of 1987 occurred on a day when trading volume was light indicating there were a limited number of irrational investors involved.

• Actions in Washington, D.C., may have helped contribute to the market crash in 1929 but not to the 1987 crash.